Tencent

Lightspeed & Quantum Studios Group, a gaming studio owned by Chinese Internet giant Tencent, is requiring its employees not to work overtime and to take two full days off on weekends.

After announcing its quadrupedal robot three months ago, Chinese tech giant Tencent has brought out a new robot called Ollie.

Tencent posted revenue of RMB 135.3 billion ($21 billion) in the first quarter, up 25 percent from a year earlier, beating analysts' estimates of RMB 133.75 billion.

TiMi was founded in 2014, and Honor of Kings is one of its most successful titles.

Time magazine has selected the top 100 most influential companies in the world in 2021, and Chinese technology companies including Alibaba, Huawei, and Tencent are on the list.

Feiyu was up 118% at one point in early trading and has now pared its gains to about 63%.

Tencent Cloud said it will open a second data center in Indonesia within the next year to seize the opportunities presented by the fast-growing mobile Internet there.

The ADR of US-traded Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.

Tencent's TiMi Studios reached $10 billion in revenue in 2020, meaning it has become the world's largest game developer, according to a Reuters report on April 2.

PUBG's cumulative revenue since its release has reached $5.1 billion, with the game's revenue reaching $2.7 billion in 2020 alone, according to data provider Sensor Tower.